The inflation rate in European Union was recorded at 1.40 percent in July of 2019. Inflation Rate in European Union averaged 2.44 percent from 1997 until 2019, reaching an all time high of 8.40 percent in November of 1997 and a record low of -0.50 percent in January of 2015.
Inflation Rate in European Union is expected to be 1.30 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Inflation Rate in European Union to stand at 1.40 in 12 months time. In the long-term, the European Union Inflation Rate is projected to trend around 1.70 percent in 2020, according to our econometric models.